Friday, February 3, 2017

Cotton trading range for the day is 20500-21040. Cotton prices ended with gains due to good physical demand despite increase in arrivals in the physical market. Moreover, reports of lower domestic production and procurement by CCI may also support prices. The cotton arrivals in the physical markets have seen improving during last week compared to previous weeks. Cotton prices in spot market gained by 360.00 rupees and settled at 20680.00 rupees.

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